1015 Haynes Ave, Miles City, MT 59301-5727
This exceptional hospitality investment opportunity presents a 53-room, two-story hotel totaling 26,272 square feet situated on a 0.7-acre lot at 1015 S Haynes Ave, Miles City, MT 59301. Built in 1969 and renovated in 2012, the property boasts 49 guest rooms and four suites, along with two additional apartment units (one 2-bed/1-bath, one 2-bed/2-bath). The hotel features 44 parking spaces and enjoys prime visibility along State Route 59 with direct access to Interstate 94, experiencing over 14,000 vehicles per day. Recent upgrades include a new roof, exterior repainting, updated unit appliances and furniture, and refreshed landscaping and facade. Approved for re-flagging with Best Western or SureStay, this asset offers significant value-add potential. The hotel includes a modern business center, an indoor pool, hot tub, and sauna, catering to both business and leisure travelers. Its strategic location near major employers like Billings Clinic, Fort Keogh, and Miles Community College ensures consistent demand. Proximity to downtown Miles City (2 miles) provides easy access to restaurants and retail. The property's current occupancy rate is approximately 53%, presenting opportunities to enhance profitability through operational improvements and strategic marketing. No new hotel supply has entered the market in the past five years, minimizing competition. This well-maintained property offers a strong foundation for a successful hospitality venture in a growing market. The APN is 14-1740-34-4-16-01-0000. The permitted zoning is 6.
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Best Western War Bonnet Inn Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
6 · Miles City, MTMiles City. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.